Digital Assets

What Is a Non-Fungible Token (NFT) and How Does It Work?

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What Is a Non-Fungible Token (NFT)? A non-fungible token NFT is an owned, transferable, and indivisible data record that digitally represents a linked physical or virtual asset. According to NIST, the record is created and managed by a smart contract on a blockchain. The NFT is the blockchain record rather than necessarily being the linked … 더 읽기

What Is Algorand and How Does It Work?

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Introduction Algorand is a Layer-1 blockchain network that uses a consensus system called Pure Proof-of-Stake. A Layer-1 blockchain is the base network that records transactions and supports applications directly. Algorand and ALGO are not the same thing. Algorand is the network, while ALGO is its native digital asset. The network supports smart contracts, payments, tokenization, … 더 읽기